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Test Bank For Microeconomics Principles and Applications 6th Edition Hall Lieberman 1111822565 9781285119434
Test Bank For Microeconomics Principles and Applications 6th Edition Hall Lieberman 1111822565 9781285119434
Solution Manual:
https://testbankpack.com/p/solution-manual-for-microeconomics-principles-and-
applications-6th-edition-hall-lieberman-1111822565-9781285119434/
MULTIPLE CHOICE
1. When opportunity costs rise as more of a good is consumed, the production possibilities frontier
will be concave (bowed out) with respect to the origin.
a. True
b. False
ANS: A PTS: 1 DIF: Difficulty: Easy
NAT: BUSPROG: Analytic STA: DISC: Scarcity, tradeoffs, and opportunity cost
TOP: Society's Production Choices KEY: Bloom's: Comprehension
2. By better utilizing existing resources, an economy can produce at a point outside of its
current production possibilities frontier.
a. True
b. False
ANS: B PTS: 1 DIF: Difficulty: Easy
NAT: BUSPROG: Analytic STA: DISC: Scarcity, tradeoffs, and opportunity cost
TOP: Society's Production Choices KEY: Bloom's: Knowledge
3. The production possibilities frontier is useful for demonstrating both scarcity and
productive inefficiency.
a. True
b. False
ANS: A PTS: 1 DIF: Difficulty: Moderate
NAT: BUSPROG: Analytic STA: DISC: Scarcity, tradeoffs, and opportunity cost
TOP: The Search for a Free Lunch KEY: Bloom's: Knowledge
Figure 2-1
6. Figure 2-1 illustrates the trade-off for a particular student between time spent studying per week and
income per week from working part-time. What is the opportunity cost for this person of moving
from point a to point b?
a. $5 of income per week
b. $10 of income per week
c. two hours of studying per week
d. $10 per hour of studying per week
e. $20 of income per week
ANS: B PTS: 1 DIF: Difficulty: Moderate
NAT: BUSPROG: Analytic STA: DISC: Scarcity, tradeoffs, and opportunity cost
TOP: Society's Production Choices KEY: Bloom's: Application
7. Figure 2-1 illustrates the trade-off for a particular student between time spent studying per week and
income per week from working part-time. What is the opportunity cost for this person of moving
from point b to point a?
a. $5 of income per week
b. $10 of income per week
c. two hours of studying per week
d. $10 per hour of studying per week
e. $20 of income per week
ANS: C PTS: 1 DIF: Difficulty: Moderate
NAT: BUSPROG: Analytic STA: DISC: Scarcity, tradeoffs, and opportunity cost
TOP: Society's Production Choices KEY: Bloom's: Application
8. Figure 2-1 illustrates the trade-off for a particular student between time spent studying per week
and income per week from working part-time. If this student does not study at all, how much
income can they earn?
a. $0
b. $40
c. $80
d. $100
e. $120
ANS: D PTS: 1 DIF: Difficulty: Moderate
NAT: BUSPROG: Analytic STA: DISC: Scarcity, tradeoffs, and opportunity cost
TOP: Society's Production Choices KEY: Bloom's: Application
9. Production possibilities frontiers are typically concave (bowed out) from the origin because
a. of the law of supply
b. there is usually a one-for-one trade-off in resources used in production
c. economies of scale enable firms to reduce the average costs of production as output rises
d. the opportunity cost of a good rises as the quantity of the good produced increases
e. resources are often left idle in the firm
ANS: D PTS: 1 DIF: Difficulty: Moderate
NAT: BUSPROG: Analytic STA: DISC: Scarcity, tradeoffs, and opportunity cost
TOP: Society's Production Choices KEY: Bloom's: Comprehension
12. If the economy is producing a combination of goods inside its production possibilities frontier, then
a. workers are on vacation
b. a significant number of workers have little education
c. some resources are being wasted
d. technology must improve before output can increase
e. the opportunity cost of producing more output is greater than the value of the
additional output that could be produced
ANS: C PTS: 1 DIF: Difficulty: Moderate
NAT: BUSPROG: Analytic STA: DISC: Scarcity, tradeoffs, and opportunity cost
TOP: Society's Production Choices KEY: Bloom's: Comprehension
Figure 2-2
13. Assume that U.S. agricultural land is used either to raise cattle for beef or to grow wheat. Figure 2-
2 represents the production possibility frontier for beef and wheat. Between points F and G, the
opportunity cost increasing wheat by two bushels equals
a. 0.25 million pounds of beef
b. 1.75 million pounds of beef
c. 0.125 pounds of beef
d. 8.0 pounds of beef
e. 0.5 pounds of beef
ANS: A PTS: 1 DIF: Difficulty: Moderate
NAT: BUSPROG: Analytic STA: DISC: Scarcity, tradeoffs, and opportunity cost
TOP: Society's Production Choices KEY: Bloom's: Application
14. Assume that U.S. agricultural land is used either to raise cattle for beef or to grow wheat. Figure 2-
2 represents the production possibility frontier for beef and wheat. Production at point H is
a. unattainable given currently available technology and resources
b. attainable by more fully employing already available resources
c. attainable by using better technology which is already available
d. attainable if beef production drops to zero
e. attainable if all available resources are used to produce wheat
ANS: A PTS: 1 DIF: Difficulty: Moderate
NAT: BUSPROG: Analytic STA: DISC: Scarcity, tradeoffs, and opportunity cost
TOP: Society's Production Choices KEY: Bloom's: Application
15. Assume that U.S. agricultural land is used either to raise cattle for beef or to grow wheat. Figure 2-
2 represents the production possibility frontier for beef and wheat. What is assumed constant as the
economy moves from point F to point G?
a. both d and e
b. the money supply
c. consumer tastes and preferences
d. the level of currently available technology
e. the amount of available resources
ANS: A PTS: 1 DIF: Difficulty: Moderate
NAT: BUSPROG: Analytic STA: DISC: Scarcity, tradeoffs, and opportunity cost
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As we proceeded nearer the coast, we found by the HAIRDRESSING
style of hairdressing among the women that we had come
into the territory of a different tribe to that amongst whom we had been
travelling. Many of the young women had a singular but somewhat
elegant style of coiffure. It was done thus: the hair was plaited in very
fine braids, and then twisted into thin flat circular coils of from two to
two and a half inches in diameter; these were symmetrically arranged,
one overlapping the other, in two rows, the upper one completely
encircling the head from the forehead to the back of the neck, and the
other ending below the ears. These young girls really looked well, for
they had the appearance of being well dressed. The women here were
more fully clothed than those of the Tanàla; the skirt of fine mat is worn
here, but there is more of it, and hemp cloth seems in more common use.
The country became flatter, undulating, but with no prominent rising
grounds. The vegetation also was quite different from what we had
become accustomed to during the last four days. There were no more
bamboos, hardly any traveller’s trees, but large numbers of single trees
or small clumps of them. These were chiefly the adàbo, a species of
Ficus, a tree with massive smooth trunk and light brown bark; they have
a much more rounded and shapely outline than the forest trees, and give
the scenery quite an English appearance. But the presence of an
occasional fan-palm or cocoanut-palm lifting their tall plumes aloft soon
dispelled the illusion. The villages, too, became numerous, and many of
them are built five or six together—that is, in lines of as many, only a
short distance between them.
AF R
Immense arums (vìha) are in the foreground, and reflections of Travellers’ trees are seen in the
water
F
ROM the Hova military post at Ambòhipèno, my companion and I
made our way southwards, or rather first to the south-west,
intending to visit the congregations at the three or four other
important places in this district, as well as some of those in their vicinity.
This part of Madagascar is a comparatively level or undulating country,
extending for many miles between the forest-covered mountains and
highlands to the west, and the ocean to the east, and only about three
hundred to four hundred feet above sea-level. The native inhabitants
were conquered—often with much cruelty and treachery—by the Hova,
about fifty years previous to the date of our visit, but the cruelties of the
wars carried on by the armies of Radàma I. and Rànavàlona I. were not
forgotten. Over large districts, all the male population whose heads were
above the armpits of the soldiers were ruthlessly shot down or speared,
and the women and children taken as slaves, so that a large proportion of
the slave population of Imèrina were descended from the tribes in these
south-eastern districts. Since then, the people quietly submitted to the
superior power; but these military posts were still maintained with
governors, officers, and a small force of soldiers; and at most of them
there was a considerable display of military authority, the gates being
guarded, and the drum beaten at regular times every morning and
evening. With one notable exception, we were everywhere received with
the greatest kindness and respect. Abundant presents of food for us and
our men were brought wherever we stopped; every facility was given us
to speak to the people, and we were helped in every way to prosecute our
journey.
The country between Ambòhipèno and Màhamànina was varied by
low hills in all directions, and patches of wood, the traveller’s tree
appearing in great numbers. The fruit of this beautiful tree was seen very
conspicuously, forming three or four clusters of sheaths, about a dozen in
each, much resembling the horns of a short-horned ox. These project
from between the leaf-stalks, two in full bloom, and the other two
generally dying off, or shedding the seeds, or rather the seed-pods. These
are oval in shape, about two inches long, and yellow in colour,
something like very large dates. These, when ripe, open and show each
pod dividing into three parts, each of which is double, thus containing six
rows of seeds about the size of a small bean. But what seems very
curious is, that each seed is wrapped in a covering exactly like a small
piece of blue silk with scalloped edges. I could not get these, however,
without some difficulty from the ants, which swarmed all over trunk,
leaf-stalks, and leaves, and resented vigorously any intrusion into their
domains.
At Màhamànina we found old friends in the governor A LARGE
and his wife. The làpa or government house was the GOVERNMENT HOUSE
largest and finest house I had ever seen in Madagascar,
except the chief palace in the capital. It was three storeys high, entirely
of timber, with stout verandah posts and very high-pitched roof; and
everything here, gateways, guard-houses and stockades, was of the most
substantial character, and made of fine massive timbers. After two days’
stay we proceeded farther south, and at the village where we encamped
for the night we noticed a new style of coiffure among the women. Some
of them had their hair done in two rows of little balls, while behind the
head there was a piece of hollow wood ornamented with brass-headed
nails and fastened into the hair. In this they kept their needles and other
small property. Beads also were a good deal worn, and they had the
lòndo or square mat on the back. At one village the young women wear
round the breast a broad band of neatly woven straw, ornamented with a
variety of patterns in different colours. It was rather difficult to
understand the talk of the people; the nasal n, the peculiar intonation, and
the pronouns and adverbs being all different from the Hova forms, made
their conversation a puzzle to us. Some, if not all the people here, are a
Sàkalàva colony from the west of the island.
We came the next day to a very boggy and difficult EVIDENCE OF
rice-valley. Hereabouts the people make their vàlam- VOLCANIC
ACTION
parìhy, or low earthen banks between the rice-fields, with
a foundation of small stakes stuck in the ground, apparently to hold the
earth together, as it seems less tenacious and binding than that in
Imèrina. When a good deal of the earth has been washed away, it may
easily be imagined that it is not a pleasant thing walking along these
banks. During the afternoon we passed for some time over a slightly
hollow tract thickly covered with rounded lumps of dark brown rock
resembling slag or scoria, and full of holes like those produced by air-
bubbles when the mass was in a state of fusion. These were of all sizes,
from a yard or two to an inch in diameter, while the ground was covered
with rounded pebbles of the same material, of the size of small beans.
This must surely have been the bed of some ancient stream, long since
diverted into other channels by subsequent elevation of the surface. But
whence was this volcanic substance derived? For many miles westward
there seems no broken or rugged surface, nor anything to indicate
subterranean disturbance. Probably the great isolated mountain of
Ivòhibé, which we have seen for several days far away to the west, is an
extinct volcano, like so many hills farther north; and the ancient stream
has at some remote period cut through a dyke of lava and brought the
rolled and rounded fragments down its bed.
Walking about in the brilliant moonlight after our evening meal, in a
short time there was quite a crowd gathered together to watch the
extraordinary spectacle of two foreigners walking backwards and
forwards for no discoverable earthly purpose. After a little while we
stopped and began to talk to them, telling them of the old, but to them
perfectly new, story of the glad tidings, and of that “faithful saying”
which was worthy of their, and of all men’s, “acceptation.”
Travelling again towards the shore, we passed for some time through
country which was like a beautiful shrubbery, with low trees, amongst
which the vòavòntaka, with its perfectly globular green or yellow fruit,
the size of a large orange, was very plentiful and conspicuous. There was
also a tree, the karàbo, having enormous pods with seeds like beans, but
from two to three inches in diameter. We passed fresh evidence of
volcanic action in ancient streams of lava, with sand and dust from some
long extinct crater. Stopping at sunset at a village called Màhavèlona, we
found it, notwithstanding its promising name (“causing to live”), the
filthiest spot we had seen in all our journey, quite worthy of the name
given by a friend to a place he stopped at, of “the well-dunged village.”
We could find no space where the tent could be pitched, and so began to
look for a house. There was one in the centre of the village that looked of
fair size, but the difficulty was, how to get to it, for it was surrounded for
a considerable distance by a slough of mud and cow-dung that took our
men nearly up to their knees. Happily there were a few stout planks lying
near, and with these we made a causeway over the bog.
The following day, while waiting in the belt of wood THE TRAVELLER’S
TREE
bordering the shore, we had an opportunity of testing the
accuracy of accounts given of the water procurable from the traveller’s
tree, about which, although backed by the authority of Mr Ellis, and an
illustration in his “Three Visits to Madagascar,” I had always felt rather
sceptical, as somewhat of “a traveller’s tale.” In fact I had never before
seen the tree where plenty of good water was not to be had; but here
there was none for several miles except the stagnant, brackish and
offensive water of the lagoon. (Even my friend, Baron, says that the tree
is always found where good water is procurable.) But we found that on
piercing with a spear or a pointed stick the lower part of one of the leaf-
stalks, where they all clasp one over the other, a small stream of water
spurted out, from which one could drink to the full of good, cool, and
sweet water. If one of the outer leaf-stalks was forcibly pulled down, a
quantity of water gushed out, so that we afterwards filled a vessel with as
much as we needed. On examining a section of one of the stalks, a
hollow channel about half-an-inch in diameter is seen running all down
the inner side of the stalk from the base of the leaf. The large cool
surface of the leaves appears to collect the water condensed from the
atmosphere, and this is conducted by the little channel downward to the
base. The leaf-stalks are all full of cells and of water, like those of the
banana. After three hours’ walking along the shore in the heavy sand,
with a hot sun overhead, we were grateful to be able to draw from these
numberless vegetable springs, and we thanked God for the traveller’s
tree; we felt that its name was no misnomer. We afterwards found in a
village not far away that small water-pots were placed in a hollow cut at
the base of the leaves, so as to collect water for drinking and household
use.
T F F
T ’T
In some places they are quite a feature of the landscape
O
N the Saturday afternoon we reached Ambàhy, a large village not
far from the sea, with a ladoàna or custom-house. Here a
detachment of military awaited our arrival—viz. four officers
and two soldiers, but outside and inside the stockade rather more than the
usual amount of tedious ceremony was gone through, which was,
however, amusing as well, from the absurd costume of many of the
performers.
On the Sunday, as my companion was still unwell, I took the services
entirely. The church was in the village on the other side of the water, and
in going over to service I had a sail for the first time in a native-made
built boat. These boats are here called sàry, and are about thirty feet long
by eight feet beam, and easily carry fifty people. I examined with interest
the construction of the craft, for the planks, about eight inches broad,
were tied, not nailed together, by twisted cord of anìvona palm fibre, one
of the toughest known vegetable substances, the holes being plugged
with hard wood. The seat boards came right through the sides, so as to
stiffen the whole, for there were no ribs or framework. The seams were
caulked with strips of bamboo, loops of which also formed the rowlocks
for large oars of European shape. The ends of the boat curved upwards
considerably, and from its appearance it seemed likely to stand a heavy
sea with perfect safety. These boats are made for going out to the
shipping, for no dug-out canoe could live in the great waves constantly
rolling along these shores.
From Ambàhy northwards there stretches a coral reef at a mile or
two’s distance from the beach, a white line of surf constantly breaking
over it. Along this part of the coast the vegetation of pandanus is varied
by a number of the tall graceful filào-trees (casuarina), so common south
of Tamatave. It was dusk before all the baggage and our men were
ferried over a small river, and as I was the last I had a most unpleasant
hour and a half in the dark, floundering about in rice-fields and water, for
our guides lost their way, so that I thought we should have to take shelter
under some bush for the night. But at last we reached a good-sized
village; two of our men, however, got hopelessly astray and had to lie out
all night in the open. In the dark we several times thought we saw a
lantern coming to our aid, but it was only the beautiful little fireflies
dancing up and down in the bushes, a “will-o’-the-wisp” which deceived
us again and again. These flies do not give a continuous light, but one
which—like some lighthouses—is quenched every second or two, the
interval of darkness being longer than the time when the light is visible.
[30]
M M D
This consists of graceful movements of hands, body, and feet. Men and women never dance
together
AW A T N.W. M
She is in full gala costume